Send us Feedback

Citigroup (C)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

C » Topics » 14. CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

This excerpt taken from the C 10-Q filed May 11, 2009.

14.   CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

        Changes in each component of Accumulated Other Comprehensive Income (Loss) for the three-month period ended March 31, 2009 were as follows:

In millions of dollars   Net unrealized
gains (losses) on
investment
securities 		  Foreign
currency
translation
adjustment,
net of hedges 		  Cash flow
hedges 		  Pension
liability
adjustments 		  Accumulated other
comprehensive
income (loss) 		 
Balance, December 31, 2008   $ (9,647 ) $ (7,744 ) $ (5,189 ) $ (2,615 ) $ (25,195 )
Cumulative effect of accounting change (FSP FAS 115-2)     (413 )   —     —     —     (413 )
                       
Balance, January 1, 2009   $ (10,060 ) $ (7,744 ) $ (5,189 ) $ (2,615 ) $ (25,608 )
Decrease (increase) in net unrealized gains (losses) on investment securities, net of taxes(1)(3)     31     —     —     —     31  
Less: Reclassification adjustment for gains included in net income, net of taxes     (11 )   —     —     —     (11 )
FX translation adjustment, net of taxes(2)     —     (2,974 )   —     —     (2,974 )
Cash flow hedges, net of taxes(3)     —     —     1,483     —     1,483  
Pension liability adjustment, net of taxes     —     —     —     66     66  
                       
Change   $ 20   $ (2,974 ) $ 1,483   $ 66   $ (1,405 )
                       
Citigroup Stockholders AOCI balance, March 31, 2009   $ (10,040 ) $ (10,718 ) $ (3,706 ) $ (2,549 ) $ (27,013 )
                       
(1)
Primarily related to municipal securities activity.

(2)
Reflects, among other items, the movements in the Japanese yen, Korean won, Euro, Pound Sterling, Polish Zloty, Mexican peso and the Singapore dollar against the U.S. dollar, and changes in related tax effects.

(3)
Decrease (increase) in net unrealized gains (losses) on investment securities, net of taxes includes the change in the hedged senior debt securities retained from the sale of a portfolio of highly leveraged loans. The offsetting change in the corresponding cash flow hedge is reflected in Cash Flow hedges, net of taxes.

97

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki